The Best Mortgage Lenders in Stevensville, MI
Compare verified mortgage lenders serving Stevensville, Michigan. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Stevensville
Featured Mortgage Lenders
United Federal Credit Union Mortgage Team
United Federal Credit Union
United Federal Credit Union stands as one of Southwest Michigan's most trusted mortgage lenders with deep roots in Berrien County. Serving Stevensville residents for decades, they offer highly competitive rates and personalized service through their local St. Joseph branch just minutes away. Their mortgage team receives exceptional reviews for guiding borrowers through the entire process, with particular expertise in first-time homebuyer programs and construction loans. As a member-owned credit union, they prioritize customer satisfaction over profits, resulting in consistently high ratings and long-term client relationships throughout the Stevensville community.
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Chemical Bank Mortgage Center
Chemical Bank (now Huntington National Bank)
With a strong physical presence in nearby St. Joseph, Chemical Bank (now part of Huntington National Bank) has been serving Stevensville homebuyers for over a century. Their local mortgage experts provide comprehensive lending solutions with the backing of a major regional bank. They receive outstanding marks for their competitive rate offerings and efficient closing processes. The bank's deep community involvement and longstanding reputation in Southwest Michigan make them a preferred choice for Stevensville residents seeking reliable mortgage services with local decision-making and personalized attention.
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Great Lakes Mortgage Services
Great Lakes Mortgage Services, Inc.
This highly-rated local mortgage broker located in St. Joseph specializes in serving the entire Southwest Michigan region including Stevensville. With nearly perfect customer ratings, Great Lakes Mortgage Services excels at finding the best loan products and rates from their extensive network of lenders. Their team receives consistent praise for exceptional communication, thorough guidance through complex mortgage scenarios, and ability to secure favorable terms for borrowers. As an independent broker, they offer unbiased advice and access to multiple lending sources, making them particularly valuable for buyers with unique financial situations or those seeking the most competitive financing options.
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Frequently Asked Questions
Common questions about mortgage lending in Stevensville, MI
What are the current mortgage rates like for homes in Stevensville, MI?
Mortgage rates in Stevensville are generally competitive with national averages but can vary based on local lenders and property types. As of recent trends, rates for 30-year fixed mortgages typically range from the mid-6% to low-7% range, but it's best to check with local banks and credit unions like United Federal Credit Union or Chemical Bank for the most current offers. Your specific rate will depend on credit score, loan type, and down payment amount.
Are there any first-time homebuyer programs specific to Stevensville or Berrien County?
Yes, the Michigan State Housing Development Authority (MSHDA) offers down payment assistance and favorable loan terms for first-time buyers throughout Michigan, including Stevensville. Additionally, local lenders may have special programs for Berrien County residents, so it's worth inquiring about grants or low-interest loans that can help with closing costs in this area.
How does Stevensville's proximity to Lake Michigan affect mortgage lending or insurance requirements?
While Stevensville itself isn't directly on the lake, its location in a coastal county can sometimes influence lending considerations for properties near water features or in flood zones. Lenders may require flood insurance if the property is in a designated flood area, which could affect your overall monthly payment. It's wise to check FEMA flood maps and discuss this with your lender during the pre-approval process.
What types of properties are most common for mortgages in Stevensville, and does this affect loan options?
Stevensville features a mix of single-family homes, condos, and some rural properties, with most mortgages being conventional or FHA loans. If you're considering a home with acreage or unique features common in the area, such as older farmhouses, you might explore USDA loans for eligible rural properties or renovation loans if updates are needed. Local lenders are familiar with these property types and can guide you accordingly.
Are property taxes in Stevensville typically included in mortgage escrow accounts?
Yes, most lenders in Stevensville will set up an escrow account to include property taxes (and homeowners insurance) in your monthly mortgage payment. Berrien County property taxes are average for Michigan, and escrow helps borrowers budget for these annual expenses. Your lender can provide an estimate of these costs based on the home's assessed value during the pre-approval stage.
Nearby Cities
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Why Choose a Mortgage Lender in Stevensville?
Local Market Knowledge
Lenders who understand Stevensville's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Michigan.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Stevensville and get competitive rates on your home loan.